Bill Commons

CA AB 236

dead

Digital financial asset businesses: regulatory fees.

California · 2025-2026 Regular Session · lower

Quick answers

Did CA AB 236 pass?

No. CA AB 236 did not pass — it was defeated or died in the legislative process (2026-02-02). Latest recorded action (2026-02-02): From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

What is CA AB 236 about?

Existing law, the Digital Financial Assets Law, prohibits a person, on or after July 1, 2026, from engaging in digital financial asset business activity, or holding itself out as being able to engage in digital financial asset business activity, with, or on behalf of, a resident, unless certain conditions are met. These conditions include that the person is licensed with the Department of Financial Protection and Innovation, as prescribed, or the person submits an application on or before July 1, 2026, and is awaiting approval or denial of that application. Existing law defines "digital financial asset" for these purposes to mean a digital representation of value that is used as a medium of exchange, unit of account, or store of value, and that is not legal tender, whether or not denominated in legal tender, except as specified. Existing law requires an applicant for a license under these provisions to submit the application with a nonrefundable fee in an amount determined by the department to cover the reasonable costs of application review. This bill would prohibit that fee from exceeding $5,000.

Who sponsors CA AB 236?

Chen is the primary sponsor of CA AB 236.

Description

Existing law, the Digital Financial Assets Law, prohibits a person, on or after July 1, 2026, from engaging in digital financial asset business activity, or holding itself out as being able to engage in digital financial asset business activity, with, or on behalf of, a resident, unless certain conditions are met. These conditions include that the person is licensed with the Department of Financial Protection and Innovation, as prescribed, or the person submits an application on or before July 1, 2026, and is awaiting approval or denial of that application. Existing law defines "digital financial asset" for these purposes to mean a digital representation of value that is used as a medium of exchange, unit of account, or store of value, and that is not legal tender, whether or not denominated in legal tender, except as specified. Existing law requires an applicant for a license under these provisions to submit the application with a nonrefundable fee in an amount determined by the department to cover the reasonable costs of application review. This bill would prohibit that fee from exceeding $5,000.

Introduced
—
Latest action
2026-02-02 — From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Bill type
bill
Last updated
—

Subjects

Sponsors

  • Chenauthor

Committees

Not provided by source.

Action timeline

  1. 2025-01-13

    Read first time. To print.

    reading-1

  2. 2025-01-14

    From printer. May be heard in committee February 13.

  3. 2025-02-10

    Referred to Com. on B.&F.

    referral-committee

  4. 2025-03-03

    From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (March 3). Re-referred to Com. on APPR.

    committee-passage,committee-passage-favorable,referral-committee

  5. 2025-04-09

    In committee: Set, first hearing. Referred to APPR. suspense file.

    referral-committee

  6. 2025-05-23

    In committee: Held under submission.

  7. 2026-01-31

    Died pursuant to Art. IV, Sec. 10(c) of the Constitution.

    failure

  8. 2026-02-02

    From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

    committee-passage,failure

Versions

Documents

Votes

  • Do pass and be re-referred to the Committee on [Appropriations]

    2025-03-03 · pass · 8-0

    Member-level votes (9)
    • Fong: yes
    • Valencia: yes
    • Michelle Rodriguez: yes
    • Soria: yes
    • Krell: yes
    • Blanca Rubio: yes
    • Dixon: yes
    • Chen: yes
    • Schiavo: other

Related bills

No related bills recorded for this bill.

Official source

http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260AB236

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T01:34:27.960412Z

Inspect retained evidence for changes recorded after evidence tracking began:

Source and document changesStatus and relationship changes

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